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Search Results 0 to 4 of about 5
CNBC
Dec 24, 2012 5:00am EST
president is eager to go over the fiscal cliff as he senses a victory at the bottom of the cliff. >> republicans are now looking past for new year's day to the battlegrounds. >> i would raise the debt ceiling only if we save medicare and social security and prevent this country from becoming greece. no more borrowing without addressing why we're in debt to begin with. that's where the real chance for recovery occurs at the debt ceiling debate. >>> still with us, ralph silva. the debt ceiling is now coming up with fiscal cliff talks? >> one comes with the other. if you notice how much airtime all these politicians are getting. eats enormous. it's a matter of getting as much media play as possible. they are politicians. so as a result, we're seeing a little more than that and they're pushing each other and seeing how far they can go. the president doesn't have to get re-elected again. he can push as far as he wants. i think we're going to see some solutions by tend of the year. >> you would think there would be something to carry its way with republicans. but if you look at the divide, they're pushing back. the tea party is alive an
CNBC
Dec 31, 2012 4:00am EST
count towards the fiscal cliff, we're counting down to new year's eve. in a few hours, people from all over the world may be popping open their bubbles of bubbly. sales in the u.s. and japan are on the rise. and for more on what to expect, we're pleased to be joined by chris adams, chairman and ceo of wine retailer sherry lehman. it's the place people here in manhattan know very well. chris, good morning. >> good morning to you. >> let's talk about some of the areas where you're seeing strength. i was looking through some of your top sellers and it includes bottles of wine that go for $70 and cases of wine that go for over $700. where is the money coming from? >> i think we're seeing some trade down from the very top, top whines, most notably the whines that cost $800 or $900 a bottle. and the comfort level for the consumer is falling more into people who are spending at the high significant amounts of money on wine are looking at the price points of 150 to 200 and that kind of attraction is right in the wheel house for champagne. >> and champagne, let's talk about in particular, o
CNBC
Dec 27, 2012 4:00am EST
deal to avoid the fiscal cliff as the government starts taking steps to buy more time before the u.s. hits the debt ceiling. the yen hits a two-year low against the dollar as the new japanese government battles to weaken currency. exports are rising, pushing the nikkei to its strongest gain in 20 years. .shares of toyota are heading higher after the u.s. settled a class action lawsuit. the $1 billion payment is already priced in. okay. welcome to "worldwide exchange." plenty of news to watch out of washington. all of this week, we thought it would be a quiet one. but i won't be inside the beltway if they want to get something done. the u.s. will hit the $16.4 trillion debt ceiling come monday. in a letter to congressional leaders, geithner says treasury will begin taking steps to save the government about $2 billion. geithner says it's harder to predict a time frame because the ongone fiscal cliff talks make it difficult to forecast next year's budget. among the measures treasury will take including suspending state and local government securities and investments in the federal employee pension funds. those don't sound like good practices going forward. president obama mea
CNBC
Dec 28, 2012 4:00am EST
higher. we're all looking towards these fiscal cliff negotiations. at the moment, we've got a couple more days of trade before we get to the end of the new year, as well. most analysts out there, they've been saying we're going to see a relatively flattish end to the year from where we are now given that we've seen such an increase of equities in the past 12 months. we've seen stellar outperformance from these european markets. also the periphery markets incidentally, too. bond markets, the fixed income markets, here we're seeing buying in germany at the moment and 10-year german bund around 3%. a little bit of buying into the gild as well as some of the safe haven trades back on. we have this italian bond auction. the first one is going to be settled in 2013 and the last one in this year, as well. it's thought that it is going to see solid demand given that it hasn't gotten any trouble getting off the ground as of late with those bond auctions, as well. a quick wrap on the forex market. here you're looking at selling in the euro/dollar right now. 1.3190. we're flirting with the high level of this trading range that we've been stuck in. dolla
CNBC
Dec 26, 2012 5:00am EST
could avoid the fiscal cliff in a few days. we'll break down what's at stake in "your money." >>> if you got fewer presents under the tree, you may be ready. spending numbers are coming in, and they're not pretty. >>> plus, new numbers for apple's ipad mini and more. that's coming up on "worldwide exchange." >>> good morning and welcome to a special edition of "worldwide exchange." i'm jackie deangelis along with seema mody. ross and kelly are off for boxing day. they'll be back tomorrow. >> that's right. >>> let's get a brief check on the markets this morning. energy and metals are trading at this hour on the nymex. you see crude oil up .6%. brent crude also up. and take a look t yellow metal, gold. down just fractionally. now u.s. futures will begin trading in about a half-hour. the cme globex has been closed for christmas and will reopen at 6:00 a.m. eastern time. that also goes for treasuries and the foreign exchange market. >>> as for the action in the overseas market, the youu.k. is closed for boxing day as are british colonies, hong kong, australia, new zealand. in europe, the dax in germany is up and running. we are higher -- lower, rather, sorry, by half a percent. overnight in japan, the nikkei, that was h
Search Results 0 to 4 of about 5